Kitchener Ontario condos:
Kitchener is one of the largest and important cities in Ontario. It was also known for its industrial development, but recently it has been moving into technology areas with offices in Google Inc. companies. Kitchener is included in the top 20 cities when all of Canada’s suburbs are listed in order of real estate listing prices.
Kitchener real estate market:
According to the Kitchener-Waterloo report, the price of buying a home in Kitchener-Waterloo climbed dramatically in January. Individual homes saw an 18.8 percent increase year-over-year, as they averaged $ 670,944. The condos saw a massive 26.1 percent increase with an average price of condos for sale in Kitchener marked at $ 262,636. Townhome and SEMS prices climbed to $ 439,765 (20.3 percent) and $ 484,190 (18.7 percent), respectively. The reason for the association is huge increase due to lack of available supply. Only 464 new properties were listed in January, a year-on-year decrease of 21.1 percent.
Best Area to buy Condos
As of January 31, there were only 392 residential properties on the market, down 63.7 percent from the previous 10-year average of 1,07 listings. According to a report by the Kitchener-Waterloo Association of Research, 153 individual homes in Kitchener-Waterloo and the area were sold in the first month of 2020, compared to January of last year.
The rate of sales was slow in January due to the low number of homes for sale. This led to an increase in real estate prices.
DTK Condos is a new condo development by IN8-Developments located in Frederick St. & Duke St. E., Kitchener. DTK Condos is the tallest residential building in Kitchener at 33 storeys. DTK Condos will be located in the center of Waterloo and is just minutes from Wilfred Laurier University, Waterloo University and UW Technology Park. This idyllic location known as Silicon Valley North is ever expanding, making DTK Condos perfect for investors. The DTK is in a very convenient location in Kitchener, which means that most of the work can be done by foot. Waterloo Go bus stop and Kitchener Go station (train station) are both nearby and easily available. This development project will be ready for residents in the summer of 2021. Apartment prices range from $ 380,990 to $ 484,990.
Union Towers is another condo advancement by Wack March situated at King Street W. and Victoria Street. S., Kitchener. Homes Residents of Union Towers are conveniently located near the main part of the city and are within walking distance to plenty of dining, shopping and entertainment options. With grocery stores, banks, and pharmacies all within walking distance, completing daily chores is a breeze. Grand River Transit, GO Transit, and VIA Rail all serve the city of Kitchener, allowing Union Towers residents to travel throughout the city and beyond with ease.
Hush Condos is a new condo development by Urban-Legend-Developments located at Fergus Avenue and Falesey Avenue, Kitchener. Apartment prices for this developmental project start at $ 302,400, with an area ranging from 522 square feet to 960 square feet.